Ninjastic
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Board Speculation
Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
by
derpinheimer
on 04/09/2013, 18:41:50 UTC
Quote from: chodpaba on September 04, 2013, 06:32:57 PM
Quote from: derpinheimer on September 04, 2013, 06:26:22 PM
Quote from: icekiss on September 04, 2013, 06:22:24 PM
right now a selloff on bitstamp is drawing mtgox down. The position at 143.6 is being sold of peacemeal (and slowly, there still isn't any volume on gox).

Volume on bitstamp is much higher than on gox right now  Shocked.


People are becoming impatient with this whale who probably isnt going to come to the rescue.

Right now a pullback is the only thing that can ensure a sustained rally. Buy whale will be shy as long as it looks like his volume will contribute to increasing slippage to the upside.

a 10k buy right now moves the price a similar amount to what it did at 125 and 135. Plus, there have been 2 or 3 large market orders that have already eaten a great deal of coins at this price range [~9k?]